First Place: "On smoke and mirrors and Cordoba". Your 15 minutes of fame, Goldfinger. The CDB NR and the fallout from it was definitely the junior mining story of the week and there's more to say about this price action in IKN402 tomorrow, subbers.

1/27/17

Venus versus Serena, then Rafa versus Roger. All in the wee small hours of both Saturday and Sunday, your humble scribe with a Weekly to write, too. Looks like more coffee than sleep this weekend. Go Roger!

Because more videos need shots of United States servicemen whooping and hollering at a barely clad woman clutching a large weapon between her crotch. No symbolism there. The song is total cheese, the band hairstylist took up half the video shoot budget but these are details, they matter not because above all it's a reminder that Cher's voice is so damned fine and good it could take a song this mediocre and make it work.

1/26/17

Oh man, this is gong to be fun. Ferrari Kev will have to postpone one of his rounds of golf and show up at a Vancouver courtroom soon. This link goes to the official superspin version of the news, but the place to go to get the lowdown is Stockwatch and this Mike Caswell write-up. Here's the top half of the story, click through for the whole thing:

Tahoe loses appeal over Escobal lawsuit

Thursday January 26 2017 - Street Wire

by Mike Caswell

A group of Guatemalan
protesters may pursue a lawsuit in B.C. over their treatment by security
forces during a 2013 incident at Tahoe Resources Inc.'s Escobal mine,
the Court of Appeal for British Columbia has ruled. The court has
determined that B.C. is
the more appropriate venue for the case. It is far from clear if the
protesters would receive any compensation through the Guatemalan courts,
three appeal judges have determined.

The ruling, published on Thursday, Jan. 26, is a substantial setback
for Tahoe. A lower court judge previously declined to hear the case,
finding that the B.C. courts were not the best place to hear the matter.

The protesters all lived in Guatemala and their
alleged injuries occurred there. They were also participating in
suitable legal proceedings in that country.

The appeal court, however,
has determined that the protesters will have trouble pursuing their
case in Guatemala. The court proceedings in that country have been
stalled since late 2015. One of the key participants was a Tahoe
security manager named Alberto
Rotondo, who had been under house arrest in Guatemala while the case
awaited trial. On Nov. 29, 2015, he fled Guatemala, travelling to his
native Peru.

In Mr. Rotondo's absence,
the Guatemalan courts have suspended the trial. They have also held Mr.
Rotondo in contempt and ordered his arrest. Guatemala is attempting to
extradite Mr. Rotondo from Peru, but so far has not had any success.
According to the
appeal judgment, he may never be extradited and without Mr. Rotondo,
the case in Guatemala will not go ahead. It is also unlikely that the
protesters will be able to open a separate proceeding against just Tahoe
because of the considerable time that has passed
since the events, the appeal ruling states.

Once you know how to recognize the patterns on the tape (I claim no special talent, it's not rocket science, just a case of observance and time) you get to appreciate just how impressively manipulated stocks are on the TSX, especially the Wild West show we know as the TSXV. A fine example is how certain deep-pocketed individuals have managed to reel in Cordoba Minerals (CDB.v) this week and stop it from really breaking out after that eye-popping NR on Monday, all because they want a cool special-friend-buddy-scratch-back placement deal from CDB at their idea of a nice price (the type of mealy-minded Scrooge that feels hard done by from a $5m profit on a trade if there was $5.5m up for grabs). And for what it's worth, I don't really give two hoots about the near-term moves in CDB or the price at which the upcoming round of funding is set, I just find it all rather amusing as the near-term is mere frippery in this stock. Who cares about $1.10 or $1.30 when it's going multiples higher in the years ahead?

But the funny thing is how the very same people who blatantly manipulate the TSXV are the same over-loud voices whining and moaning about manipulation in the gold and silver bullion markets. And because these wealth-obsessed idiots command such a fawning flock of admirers, that same "Oh It's Not Fair Gold Is Rigged" whinge is repeated by every two-bit retail dumbass with a five figure portfolio. The flock don't say a word about the way their stocks are swung around by their thought masters, because their thought masters don't want them thinking about such matters. Their thought masters just want their money and as long as they manage to distract the dumbass tiny fish at the bottom of the food chain, they'll get it all right.

It may be late in the game, but at least he's finally showing some cojones. It's not all about money, profit, losses and deals, y'see. You start messing around with national pride and there's a whole new can of worms waiting to be opened up. Trudeau, on the other hand, will be as much of a lapdog as May.

Being a holder of this stock it's always one I'm going to follow with a close eye, but I'm sure I'm not the only person who's noticed...

...the way B2Gold (BTG) (BTO.to) refuses to drop this week. Or better said, when it tries to drop it gets immediate buying support. And we're about to get its 4q16 production numbers too. Jungle drums are good, it seems.

And by the way, IKN is in late-start mode today because I stayed up to the wee small hours watching Venus, Serena and then Roger reach their finals. The Roger/Stan match was the best I've seen in ages, but the highlight was seeing Venus's smile at the end of her match, it was soul-inspiring.

I've been told I should do this more often, so when reader and IKN Weekly subscriber "VF" wrote in this evening with the mail you see below, it was such a nice one that I asked to share it here. Mr. VF kindly agreed and here we are.

I wanted to pass along some positive feedback regarding IKN weekly.

1. I've had mining resource subscriptions before and never renewed them for three important reasons.

a.)
The consistency of the release of the publications were spotty. I
never knew what day the publication was going to come out. It was more
like a 4-5 day window, which is a problem for me. IKN does a really
great job of releasing every Sunday which is awesome. I know that
Sunday night I can schedule time for myself to do my investing
research. That allows me to schedule my life and time which is
valuable.

b.)
Your publication takes the time to educate me beyond typical catch
phrases and platitudes. The investment advice is much more than "I'm
experienced and I understand things you can't so take my advice and do
this" type of advice. That feels like to me I will never be able to
make informed decisions myself and always be reliant on some secret
black box of intelligence. I don't like this, I was not able to apply
my own discretion to the situation in conjunction with the author. I
feel like your teaching me about what to look for with the information
you are sharing from being boots on the ground and experienced.

c.)
The content of your letter, specifically the financial component is an
important piece in my estimation that is nearly completely missing in
other publications. I love the black and white fact of finance and the
conclusions that can be drawn from this in a sector where much of the
geology is a game of risk probability management.

Thanks for your work and keep it coming.

V

x

1/25/17

I mean, the decision of the Cuenca regional government to ban metals mining completely and demand that the national government close down Loma Larga immediately came on Sunday. Nobody read the news in Spanish up there? Is this pissant blog (and its post on the issue yesterday evening) really your only source of DD, apart form believing the "oh everything's awesome!" platitudes from Candace? Are you seriously that stupid, Canada?

And just so you know the context here the "Cantonal Council of Cuenca" mentioned in the article below is the "Concejo Cantonal de Cuenca", i.e. the regional government of the Cuenca region in Ecuador where INV Metals (INV.to) has its Loma Larga project and wider concessions (as well as the Chinese capitals Rio Blanco project). Hey, I wonder why nobody in Canada has told you about this one yet? Candace? Your dad hasn't given you permission to comment yet, Candace?

The official Concejo Cantonal de Cuenca website report on the vote dated January 23rd 2017 isright here on this link, but to get to the brass tacks let's go with how Ecuador's newspaper of record, 'El Comercio', reported the matter yesterday. Your (human being, not Google) translation of the important excerpts goes like this:

"By twelve votes in favour to four against, the Cantonal Council of Cuenca approved this Sunday January 22nd a declaration with 12 resolutions related to the preservation of water sources and mining activity. The debate, during an extraordinary session, lasted over five hours.

One of the main resolutions was to declare the territory of the Canton Cuenca, its paramos (high altitude rural zones) and ecosystems free of metals mining activity....

Another resolution was to demand that the government suspend the mining exploration and operation activities of the Rio Blanco and Loma Larga mining projects."

Only because this humble corner of cyberspace hasn't mentioned the chart recently. And of course we were pointing to the bullish outlook for the metal way back before the latest round of rah-rah bandwagon latecomers with fat mouths started shooting their lips off. Early May 2016, to be exact.

Zinc:
Demand to outstrip supply in 2016

Yes, shameful but it’s true, your
author is going all zinc-pumpy on you after sneering at the “it’s gonna happen
anytime now folks!” perma-pumping of the sellside in zinc for years. This “Get
On Zinc Before It Flies!!!” is a narrative (with obligatory three exclamation
marks) that’s been sold to us for years, but this time it really seems to have
some fundamentals to back up the wishful thinking and (continues)

And I wasn't one of those idiot Zn permabulls in a sellside brokerage cubicle saying the same damned thing about zinc every year since the Lehman crisis, either. Just sayin'.

I can’t help but wonder what the
boards of directors of Eco Oro (EOM.to), Trimetals Mining (TMI.to) and any
other of these rip-off juniors trying to use NAFTA rules to take countries to
court think about President Donald Trump’s stated intention this weekend to
start re-negotiating NAFTA. Maybe any of you daft enough to have fed these
quasi-scam companies with money for shares are planning to ask your respective
board of directors for an opinion, but if you do don’t worry, they’re bound to
tell you there’s nothing at all to worry about.

Incredibly, DNG doesn't seem to think that the commencement of legal action by the regional government of Peru, on which its Veta Dorada plant is located, in order to repossess the land which was used illegally by the company to build a processing plant, is material news.

Despite the fact that the the worker at Gold Resource Corp (GORO) mine in Oaxaca, Daniel Ruíz Jiménez, was reported missing on Thursday and his dead body was found in the underground mine Friday afternoon, GORO still hasn't done the decent thing and reported the death to the market. GORO seems to be trying the Tahoe Resources (TAHO) tactic of covering up workplace deaths instead of being responsible, honest and transparent about them.

A little less than a month ago this humble corner of cyberspace pointed out the nefarious relationship between two entities conspiring to swindle naive greenhorns in the junior market world, namely the unspeakably self-serving Zimtu Capital (ZC.v) and their paid whore of a research analyst, Stephan Bogner of Rockstone Research. This weekend IKN Nerve Centre received this mail from reader RG, who was kind enough to help out the team by pointing to a brand new chapter of this market prostitution:

"King’s Bay closed a property purchase agreement on the 19th, and
repeating a pattern you pointed out just last month, David Hodge filed
yesterday with Sedar a stock acquisition by Zimtu of King’s Bay Gold in
Labrador. With that ZC now holds 17.77% of KBG, and today Rockstone’s
Stephan Bogner posts 'Cobalt Crunch Time'
promoting the polymetallic prospect, apparently based on grab samples.
Bogner also promoted KBG on October 27th, and today’s article largely
repeats that earlier one."

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